The United Nations has estimated that more than three-quarters of a billion people lack access to safe drinking water worldwide, and there is a global demand for clean water resources. For Environmental Dynamics International Inc. (EDI), based in Columbia, Mo., Ex-Im Bank’s financing products have made it possible to help meet that demand by reaching customers in developing markets with its water and wastewater treatment technologies.
EDI began using Ex-Im Bank’s insurance policy in 1997 to expand into new markets in Latin America and Asia. Now they use the Bank’s working capital loan guarantee through Regions Bank. These funds give EDI the flexibility to purchase materials in advance and also cover the long lead time for payments.
With Ex-Im Bank’s support, EDI’s export orders surpassed its U.S. domestic volume in 2008, and now account for about 55 percent of the small business’s total volume—about $15 million annually. EDI sells their products in over 100 countries on all seven continents.
"Ex-Im Bank’s export credit insurance has enabled Environmental Dynamics International to offer competitive credit terms to a larger foreign customer base while minimizing the risk." - Charles E. Tharp, President, Environmental Dynamics International, Inc.
EXPORTER: Environmental Dynamics International Inc. (EDI), Columbia, Missouri
Markets: India, China, Turkey, and many more
Ex-Im Bank Product: Working Capital Loan Guarantee and Export Credit Insurance